---
title: Where Does the Size Premium Live? Survival, Equity Returns and Credit Spreads in Brazil, and What They Imply for the Discount Rate in Valuation
url: https://www.ml-quant.com/papers/ssrn/7607262/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-16
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7607262
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7607262
featured: 2026-10-16
citations: unknown
topic: Asset Pricing & Factors
---


# Where Does the Size Premium Live? Survival, Equity Returns and Credit Spreads in Brazil, and What They Imply for the Discount Rate in Valuation

The study finds no equity size premium in Brazil, but an unexplained 6.8 to 8.8 percentage point credit spread for small firms that rises sharply with corporate delinquency.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7607262
- Identifier: SSRN 7607262
- Released: 2026-10-13
- First featured: Quant Letter No. 135 (2026-10-16): https://www.ml-quant.com/issues/2026-10-16/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Ruben Xavier De Freitas

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